Zacks Investment Research cut shares of Kao Corp. (OTCMKTS:KCRPY) from a buy rating to a hold rating in a report issued on Friday.

According to Zacks, “KAO Corp ADR, based in Japan, is a leading global company in consumer products for personal and home care. “

Shares of Kao Corp. (OTCMKTS KCRPY) traded down 1.36% during midday trading on Friday, hitting $60.75. The company had a trading volume of 35,485 shares. The firm’s 50-day moving average is $61.54 and its 200-day moving average is $59.04. The firm has a market capitalization of $29.93 billion, a P/E ratio of 24.75 and a beta of 0.49. Kao Corp. has a 12-month low of $44.19 and a 12-month high of $65.50.

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Kao Corp. Company Profile

Kao Corporation is engaged in the consumer product business and the chemical business. The Company operates through four segments: the Beauty Care Business, the Human Health Care Business, the Fabric and Home Care Business (collectively, the Consumer Products business), and the Chemical business. The Beauty Care Business segment manufactures and sells cosmetics, skin care and hair care products.

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